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Morvah, Penzance TR20

South West

£2,500,000
Listed on 15/08/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This unique farm property is nestled in a serene location near the coast, encompassing approximately 118 acres and comprising a period farmhouse alongside two cottages. The estate features an extensive range of both modern and traditional agricultural buildings, presenting numerous opportunities for renovation and development. The farmhouse, steeped in history, showcases stone and granite architecture from the 17th and 19th centuries. Its layout offers multiple spaces for transformation, including a conservatory leading to a functional kitchen equipped with essential appliances. The recently updated bathroom features a walk-in shower, enhancing comfort while maintaining the property's character. The rooms are versatile, with options for home offices or playrooms, providing ample opportunity for customization. Outside, the farmhouse is surrounded by small walled gardens and additional land that includes stone barns which could be repurposed to suit various needs. These outbuildings have existing planning permissions that open doors for future residential development—a significant aspect for investors. The converted Courtyard Cottage retains agricultural occupancy restrictions but offers cozy living quarters with potential for updates. With modern amenities like a utility room and private garden space, it serves as an attractive rental option or guest accommodation. Tregaminion Cottage presents another interesting investment avenue as it is Grade II Listed and currently tenanted, providing immediate rental income while preserving its historical significance. Among the farm's structures is "The Chapel," another stone barn that has received planning permission for conversion into a self-contained dwelling. This adds to the myriad options available for those looking to invest in substantial renovations or new developments on-site. The land itself consists of mainly level fields with boundaries formed by natural hedgerows. Notably, part of the property includes a turbine that generates electricity both for the farm's operations and provides supplemental income through tariffs. This property not only offers a picturesque setting but also represents a rare opportunity to engage in sustainable farming practices while exploring various avenues of development within one of Cornwall’s most desirable regions. Whether you're seeking to establish working agricultural facilities or convert existing structures into residential spaces, this farm holds significant potential for those with vision and ambition.

Investment Analysis

(TR20 area)
Area Average
£366/sq ft

Renovation Potential

Est. Renovation Cost
£250,000 - £625,000
10-25% of property value
Monthly Sales
5
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (TR20)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 2.8%
5 year growth: 21.9%
Investment Disclaimer: Analysis based on TR20 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Morvah, Penzance TR20
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